Consumers arent spending as much as expected. Retail sales for june fell a seasonally adjusted 0. 3 , well below expectations of a rise. Because it makes up a good chunk of Economic Activity if that piece of the economic puzzle is missing, some say it throws into question the potential rate hike by the federal reserve. And the batch of bad news comes just one day before fed chair janet yellen is set to appear before congress. Courtney reagan reports. According to the latest government data, consumers arent spending enough to prop up Economic Growth. June retail sales posted the weakest reading in four months. And thats not all the bad news. May retail sales were revised lower than previously reported. With Consumer Spending fuelling 70 of the countrys Economic Growth Monthly Retail sales are a key data point for those trying to forecast the federal reserves decisions on Interest Rates. And fed chair janet yellen addresses congress in the twoday testimony beginning tomorrow. Just look a
Consumers arent spending as much as expected. Retail sales for june fell a seasonally adjusted 0. 3 , well below expectations of a rise. Because it makes up a good chunk of Economic Activity if that piece of the economic puzzle is missing, some say it throws into question the potential rate hike by the federal reserve. And the batch of bad news comes just one day before fed chair janet yellen is set to appear before congress. Courtney reagan reports. According to the latest government data, consumers arent spending enough to prop up Economic Growth. June retail sales posted the weakest reading in four months. And thats not all the bad news. May retail sales were revised lower than previously reported. With Consumer Spending fuelling 70 of the countrys Economic Growth Monthly Retail sales are a key data point for those trying to forecast the federal reserves decisions on Interest Rates. And fed chair janet yellen addresses congress in the twoday testimony beginning tomorrow. Just look a
Since the aca was not repealed. Lets get to the road map and now it starts with tackling taxes, the president is looking to rally republicans on a tax reform strategy. And plus the Global Markets are down on signs of a stalled trump agenda. It is on track for the lowest losing streak since 2011. And premarket, after five top analysts issued bullish ratings on snapchats parent. Global markets are moving lower on the pulling of the Health Reform bill and how it can impa impact President Trumps pro growth agenda. Yesterday on nbcs meet the press the president s budget director mulvaney described why there was a rush to pass Health Reform legislation. Heres the hurry. Theres a lot to be done. We needed to get rid of obamacare. We needed to fix the system so we could help folks back home and then move on to tax reform so that we could help people get back to work. The president wants to do a lot of things and is not willing to do what other politicians would do. And here we sit of course to
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